Since gold cannot be made or printed at the whim of greedy politicos, it can't be devalued as quickly as the paper money that is printed whenever need arises.
Let's be clear about one thing. The currency disaster is coming very soon. Instead of sitting around and watching it from a distance as it is unfolding, guard yourself against and benefit from an economical upheaval that might fundamentally render your paper money worthless.
We saw a preview of this kind of debacle quite recently. In early 2006 a currency plunge triggered an avalanche of sell orders in emerging markets from Brazil to Indonesia. The Icelandic krona plunged nearly 10 percent in only two days, dragging down Icelandic stocks and bonds with it and subsequently spread to Brazil, Mexico, Poland and Turkey.
A precursor to this was the Asian Currency Crash of 1997, which sent stocks south like ducks in winter. Banks, insurance companies, real estate and bonds also fled the scene. The only viable option left was gold.
In the event of another such decline in currency values, gold may possibly be worth at least 10 times its current value.
How is this possible? Simple: Since gold cannot be made or printed at the whim of greedy politicos, it can't be devalued as quickly as the paper money that is printed whenever need arises.
When a currency is backed by gold, $1 in paper money has to be backed by approximately one dollar's worth of gold. Once a currency is no longer backed by gold, governments can print as much as needed. Naturally, most world governments have gone off the gold standard and that is why paper money has no intrinsic value.
Subsequently, many key trading companies speculate only temporary in individuals currencies and their associated values in shares or bonds, then they quickly transform their financial gain into gold. This is the reason some trading companies prefer focusing on worldwide investing and diversification into gold assets for their clients.
Let's be clear about one thing. The currency disaster is coming very soon. Instead of sitting around and watching it from a distance as it is unfolding, guard yourself against and benefit from an economical upheaval that might fundamentally render your paper money worthless.
We saw a preview of this kind of debacle quite recently. In early 2006 a currency plunge triggered an avalanche of sell orders in emerging markets from Brazil to Indonesia. The Icelandic krona plunged nearly 10 percent in only two days, dragging down Icelandic stocks and bonds with it and subsequently spread to Brazil, Mexico, Poland and Turkey.
A precursor to this was the Asian Currency Crash of 1997, which sent stocks south like ducks in winter. Banks, insurance companies, real estate and bonds also fled the scene. The only viable option left was gold.
In the event of another such decline in currency values, gold may possibly be worth at least 10 times its current value.
How is this possible? Simple: Since gold cannot be made or printed at the whim of greedy politicos, it can't be devalued as quickly as the paper money that is printed whenever need arises.
When a currency is backed by gold, $1 in paper money has to be backed by approximately one dollar's worth of gold. Once a currency is no longer backed by gold, governments can print as much as needed. Naturally, most world governments have gone off the gold standard and that is why paper money has no intrinsic value.
Subsequently, many key trading companies speculate only temporary in individuals currencies and their associated values in shares or bonds, then they quickly transform their financial gain into gold. This is the reason some trading companies prefer focusing on worldwide investing and diversification into gold assets for their clients.
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